Frontken Berhad Annual Report 2018

142 Frontken Corporation Berhad (651020-T) ANNUAL REPORT 2018 Explanatory Notes on Special Business:- 4. Item 5 of the Agenda =QN Y[XYX\NM 8[MRWJ[b ;N\XU^]RXW RO YJ\\NM `RUU NVYX`N[ ]QN -R[NL]X[\ O[XV ]QN LXWLU^\RXW XO ]QR\ *06 ]X JUUX] JWM R\\^N ^Y ]X J VJaRV^V XO XO ]QN ]X]JU W^VKN[ XO R\\^NM \QJ[N\ XO ]QN ,XVYJWb NaLU^MRWP ][NJ\^[b \QJ[N\ at the time of issue (other than bonus or rights issue) without the need to convene a general meeting and for such Y^[YX\N\ J\ ]QNb LXW\RMN[ `X^UM KN RW ]QN KN\] RW]N[N\] XO ]QN ,XVYJWb =QR\ J^]QX[R]b ^WUN\\ [N_XTNM X[ _J[RNM J] J PNWN[JU VNN]RWP `RUU NaYR[N J] ]QN WNa] *06 XO ]QN ,XVYJWb =QR\ VJWMJ]N `RUU Y[X_RMN ࠱NaRKRUR]b ]X ]QN ,XVYJWb OX[ JWb YX\\RKUN O^WM [JR\RWP JL]R_R]RN\ RWLU^MRWP K^] WX] URVR]NM ]X YUJLRWP XO \QJ[N\ OX[ ]QN Y^[YX\N XO O^WMRWP `X[TRWP LJYR]JU O^]^[N RW_N\]VNW] Y[XSNL] \ JWM X[ JLZ^R\R]RXW \ *] ]QR\ S^WL]^[N ]QN[N R\ WX MNLR\RXW ]X R\\^N WN` \QJ[N\ 2O ]QN[N \QX^UM KN J MNLR\RXW ]X R\\^N JWb WN` \QJ[N JO]N[ ]QN PNWN[JU VJWMJ]N R\ \X^PQ] ]QN ,XVYJWb `RUU VJTN JW JWWX^WLNVNW] RW [N\YNL] ]QN[NXO The proposed Ordinary Resolution 5 is a renewal of the general mandate for issuance of shares pursuant to Sections JWM XO ]QN *L] =QN ,XVYJWb QJM J] ]QN ]Q *06 QNUM XW 6Jb ! XK]JRWNM R]\ \QJ[NQXUMN[\۴ JYY[X_JU OX[ ]QN PNWN[JU VJWMJ]N OX[ R\\^JWLN XO \QJ[N\ Y^[\^JW] ]X <NL]RXW\ JWM XO ]QN *L] *\ J] ]QN MJ]N XO ]QR\ WX]RLN ]QN ,XVYJWb MRM WX] R\\^N JWb \QJ[N Y^[\^JW] ]X ]QN \JRM VJWMJ]N 5. Item 6 of the Agenda =QN Y[XYX\NM 8[MRWJ[b ;N\XU^]RXW RO YJ\\NM `RUU PR_N ]QN -R[NL]X[\ XO ]QN ,XVYJWb ]QN J^]QX[R]b ]X ]JTN JUU \^LQ \]NY\ J\ J[N WNLN\\J[b X[ NaYNMRNW] ]X RVYUNVNW] ࠰WJUR\N LXVYUN]N JWM X[ NOONL] ]QN Y^[LQJ\N \ XO <QJ[N\ Kb ]QN ,XVYJWb J\ ]QN -R[NL]X[\ VJb MNNV ࠰] JWM NaYNMRNW] RW ]QN KN\] RW]N[N\] XO ]QN ,XVYJWb =QR\ J^]QX[R]b `RUU ^WUN\\ [NWN`NM X[ [N_XTNM X[ _J[RNM Kb ]QN ,XVYJWb J] J PNWN[JU VNN]RWP LXW]RW^N ]X KN RW OX[LN ^W]RU ]QN LXWLU^\RXW XO ]QN WNa] *06 XO ]QN ,XVYJWb X[ ]QN NaYR[b XO ]QN YN[RXM `R]QRW `QRLQ ]QN WNa] *06 XO ]QN ,XVYJWb OXUUX`RWP ]QN ]Q *06 R\ [NZ^R[NM Kb ]QN UJ` ]X KN QNUM 9UNJ\N [NON[ ]X ]QN <QJ[N +^b +JLT <]J]NVNW] MJ]NM *Y[RU " `QRLQ R\ MN\YJ]LQNM ]XPN]QN[ `R]Q ]QR\ *WW^JU ;NYX[] OX[ VX[N RWOX[VJ]RXW 6. Item 7 of the Agenda The Nomination Committee has assessed the independence of both Dato’ Haji Johar Bin Murat @ Murad and Mr Aaron <RV 4`NN 5NRW `QX QJ_N \N[_NM J\ 2WMNYNWMNW] 7XW .aNL^]R_N -R[NL]X[\ XO ]QN ,XVYJWb OX[ J L^V^UJ]R_N ]N[V XO VX[N ]QJW ]`NU_N JWM WRWN " bNJ[\ [N\YNL]R_NUb JWM [NLXVVNWMNM KX]Q XO ]QNV ]X LXW]RW^N ]X JL] J\ 2WMNYNWMNW] 7XW .aNL^]R_N -R[NL]X[\ XO ]QN ,XVYJWb KJ\NM XW ]QN OXUUX`RWP S^\]R࠰LJ]RXW\# J =QNb O^U࠰UU ]QN L[R]N[RJ ^WMN[ ]QN MN࠰WR]RXW XO 2WMNYNWMNW] -R[NL]X[ J\ \]J]NM RW ]QN 6JRW 6J[TN] 5R\]RWP ;NZ^R[NVNW]\ XO +^[\J 6JUJb\RJ <NL^[R]RN\ +N[QJM JWM ]Q^\ ]QNb J[N JKUN ]X Y[X_RMN J LQNLT JWM KJUJWLN Kb K[RWPRWP JW NUNVNW] of objectivity and independent judgement to the Board’s deliberation; K =QNb K[RWP `R]Q ]QNV _J\] NaYN[RNWLN JWM NaYN[]R\N ]X LXVYUNVNW] ]QN LXVYN]NWLRN\ XO ]QN X]QN[ -R[NL]X[\ ]X enhance boardroom discussion and decision; L =QNb QJ_N KNNW `R]Q ]QN ,XVYJWb OX[ VX[N ]QJW ]`NU_N JWM WRWN " bNJ[\ JWM JLLX[MRWPUb J[N OJVRURJ[ `R]Q the nuances and understand the Group’s business operations; and M =QNb QJ_N NaN[LR\NM M^N LJ[N JWM MRURPNWLN M^[RWP ]QNR[ ]NW^[N J\ 2WMNYNWMNW] 7XW .aNL^]R_N -R[NL]X[\ XO ]QN ,XVYJWb JWM LJ[[RNM X^] ]QNR[ M^]RN\ Y[XON\\RXWJUUb JWM XKSNL]R_NUb RW ]QN RW]N[N\] XO ]QN ,XVYJWb JWM \QJ[NQXUMN[\ e) The Company will carry out a two-tier voting for the re-election of Dato’ Haji Johar Bin Murat @Murad in accordance `R]Q 9[JL]RLN XO ]QN 6JUJb\RJW ,XMN XW ,X[YX[J]N 0X_N[WJWLN Notice Of Annual General Meeting (cont’d)